More than 100 companies have approached JPMorgan to explore banking and payment solutions for treasury operations in GIFT City, reflecting rising multinational interest in India's financial hub

Gujarat International Finance Tec-City (GIFT City) in Gandhinagar

Bloomberg

The Union tourism minister said India must focus on visitor experience, employment, infrastructure and lasting economic impact while expanding the sector

Gajendra Singh Shekhawat, Gajendra, Shekhawat

Business Standard

Industry associations say the current duty structure has enabled import-parity pricing by domestic producers, raising input costs and squeezing the profitability of downstream MSMEs.

aluminium

The agreement positions the Pune-based vaccine maker to manufacture the M72/AS01E TB vaccine candidate at scale if ongoing Phase III trials succeed and approvals are secured

Serum Institute of India

Petrol and diesel sales by India's three state-run fuel retailers rose sharply in the first half of July, helped by below-normal monsoon rainfall that boosted fuel demand from farmers and motorists, preliminary sales data showed on Thursday.
Petrol sales by Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) climbed 22.9 per cent to 1.63 million tonnes during July 1-15, compared with 1.33 million tonnes in the corresponding period a year earlier.
The volume was also 26.7 per cent higher than 1.29 million tonnes sold during the first half of July 2024 and 38.6 per cent above the level recorded in the same period of 2023. Compared with the first half of June, however, petrol sales fell 4.4 per cent from 1.71 million tonnes.
Diesel sales, a key indicator of economic activity in India, rose 20.9 per cent year-on-year to 3.46 million tonnes in the first fortnight of July from 2.87 million tonnes a year earlier.
The volume was 18.4 per cent hig

petrol pump, petrol

Petrol and diesel sales surged in early July as delayed monsoon rains boosted demand from farmers and motorists, while LPG consumption remained subdued

Press Trust of India

Two digital creators have alleged that Meta's Facebook edit feature is being misused to backdate posts, enabling false copyright claims and threats to their Instagram accounts

facebook, social media, social media apps, meta

Fresh merchandise drives demand as retailers pare markdowns and shorten sale periods

Industry analysts project the new GST rates could increase sales by 15-20% as retailers pass savings on to buyers. | File Image

Trend leads to more women being employed on vehicle assembly lines

Carmakers, Auto sector

Maruti Suzuki India on Thursday said it will challenge an order of the District Consumer Disputes Redressal Commission, Raipur, that directed the company to replace a customer's vehicle with a new E20 compatible vehicle, citing fuel contamination.
The car in the case was an E20-compatible car, fully equipped to handle E20 fuel, and there is evidence of contamination in the fuel collected from the customer's vehicle, Maruti Suzuki India said in a statement.
"We have learnt of an order by the District Consumer Disputes Redressal Commission, Raipur, wherein Maruti Suzuki has been directed to replace the customer's vehicle with a new E20-compatible vehicle," it said.
The car in this case was an E20 compatible car, fully equipped to handle E20 fuel and so disclosed in the owner's manual, it added.
"There is evidence of contamination in the fuel collected from the customer's vehicle. Several other relevant facts have also not been reflected in the order," the company asserted.
The state

Maruti Suzuki, Maruti Suzuki share price, Nifty Auto, passenger vehicle sales, PV growth, SUV demand, entry-level cars, auto stocks, Kharkhoda plant, market share gains, Goldman Sachs, Motilal Oswal, Nuvama Research, rural demand, El Nino impact, aut

Maruti Suzuki will challenge a Raipur consumer court order directing it to replace a customer's vehicle, saying the car was E20-compatible and the fuel was contaminated

The Rs 9,585-crore PARIVARTAN scheme offers tax concessions, interest subvention and other incentives to replace ageing commercial vehicles in the National Capital Region

truck, overload

JSW MG Motor India says its new multi-powertrain ADAPT platform will underpin future new energy vehicles, with an electric SUV and a plug-in hybrid SUV slated for launch during FY27

Anurag Mehrotra

Compared with last year's Budget, the Union Budget 2026-27 builds on the credit framework while moving decisively towards equity funding, market-linked liquidity, and structured compliance support

MSMEs

RBI's measures to attract foreign currency inflows are expected to improve liquidity and support lending margins as major private sector banks, including HDFC and Axis Bank, report Q1 earnings

RBI, Reserve Bank of India

RBI's Financial Inclusion Index improved to 70 in FY26 from 67 a year earlier, driven mainly by higher usage, while all three sub-indices registered growth

Some foreign banks are offering leverage of up to 19 times FCNR(B) deposits to attract NRI funds as lenders intensify mobilisation efforts under the RBI's special scheme

Banks, Foreign Currency, FCNR

RBI bars banks from selling recovered properties back to borrowers, introduces norms for handling acquired non-financial asset

loan, bank loan

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